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Gazingbilliards declared a 15% stock dividend when it had 910,000 shares of $3 par value common stock outstanding. The market price per common share was $22 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to: a. Paid-In Capital in Excess of Par for $273,000 b....
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On September 1, Fairmount company issued a 100,000 face value, 6%, 10-year bond for 75,750 on a semi-annual basis. The semi-annual stated rate is 3%. What is the amount of total bond interest expense to be recognized on the bond over its life?
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A 50.0 kg sphere has a net charge of 5.00 {eq}\mu {/eq}C uniformly distributed throughout its volume. It has a radius of 50.0 cm. Calculate the magnitude of the electric field at a distance of 25.0 cm from the center of the sphere. a) 0 b) 360 N/C c) 720 N/C d) 90.0 N/C
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Carver Company had the following inventory values: Jan 1, 2001$12,000 Dec. 31, 2001$22,000 Jan. 1, 2002$26,000 The inventory is sold at $17 per unit. Operating expenses are $43,000. Assuming that the gross margin percentage is constant, what is the dollar value of the inventory sold from January 1, 2002, to December ...
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On July 1, 20X1, Prior Company borrowed $200,000 via a long-term loan. Terms of the loan require that Prior pay interest and $50,000 of principal on July 1, 20X2, 20X3, and 20X4. The unpaid balance of the loan accrues interest at the rate of 8% per year. Prior has a December 31 year-end. Compute Prior's interest expen...
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A project has an initial cost of $33,975, expected net cash inflows of $9,000 per year for 11 years, and a cost of capital of 9.00%. What is the project's PI? a) 1.64 b) 1.56 c) 1.92 d) 1.44 e) 1.79
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Compute the weight of the market value of equity. Market value of equity = 25,000,000 Market value of debt = 65,000,000 Market value of preferred = 5,000,000
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A bond makes an annual $80 interest payment (8% coupon). The bond has five years before it matures, at which time it will pay $1,000. Assuming a discount rate of 10%, what should be the price of the bond?
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$\frac{\tan\theta}{1+\sec\theta}+\frac{\tan\theta}{1-\sec\theta}$ What is wrong with the following calculation: $$\frac{\tan\theta}{1+\sec\theta}+\frac{\tan\theta}{1-\sec\theta} = \tan\theta\Bigg(\frac{1-\sec\theta}{\tan\theta}+\frac{1+\sec\theta}{\tan\theta}\Bigg) = \tan\theta \cdot \frac{2}{\tan\theta} = 2$$ However,...
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Manufacturers Australia reports that they produce 250,000 cases of ready-to-drink soda annually. Each plant currently produces 200,000 cases annually. What is the minimum number of plants needed to make the switch to a new formula which has additional processing costs of {eq}\$0.25 {/eq} per case in all plants and wi...
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Direct Manufacturing Company has 2,332 pounds of raw materials in its December 31, 2016, ending inventory. The December 31, 2017, budgeted ending inventory is 1,840 pounds. If there was 11,500 pounds of direct materials purchased during the year, what is the budgeted amount of direct materials to be used during 2017?
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Perry Company uses 2,600 units of a part each year. The part is currently purchased from an outside supplier at a cost of $10 per unit. The annual carrying cost of one unit in this part is $2. The company has idle capacity so the part can be made rather than purchased. A study of the make decision revealed that the ann...
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The radii of curvature of the surfaces of a thin, double-convex, spherical lens are +30 cm and +15 cm. The refractive index of the lens is 1.5. What is the focal length of the lens?
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You drop 2000 kg of lead pellets into a giant basket of water at 0 Celsius. As the lead falls into the water, its temperature increases by 1 degree Celsius. By what amount does the temperature of the water in the basket decrease? Given: c_lead = 128 J/kg/degree C c_water = 4.19 J/kg/degree C
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Ectenia is a small closed economy that can produce two goods: wheat and corduroy. The following table shows the maximum quantity of each good that Ectenia can produce when it devotes all of its resources to that good. Wheat Corduroy Domestic opportunity cost (in lb.) 1/3 1/2 ...
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The last dividend of Delta, Inc. was $4.44, the growth rate of dividends is expected to be 3.93%, and the required rate of return on this stock is 11.00%. What is the stock price according to the constant growth dividend model? Round the answer to two decimal places.
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M. Reilly Corporation's 2010 financial statements contained the following selected data: Additional paid-in capital$156,000 Common stock, $3 par$223,500 Preferred stock, $20 par$100,000 Retained earnings$314,000 Bonds payable, 4%$800,000 The number of shares of common stock and preferred stock outstanding at the end ...
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Rent-to-Own Equipment Co. is considering a new inventory system that will cost $850,000. The system is expected to generate positive cash flows over the next 4 years in the amounts of $350,000 in year one, $375,000 in year two, $150,000 in year three, and $100,000 in year four. Rent-to-Own's required rate of return is ...
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A company paid its production employees {eq}\$220,000 {/eq} in salaries for the month of September, but they had not been paid {eq}\$25,000 {/eq} at the end of September. Prepare the journal entries needed to record the payment of salaries in September and any other required entries.
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If Wabasso Corporation expects a return on total investments of 11 percent this year, expects to pay preferred stockholders $1.70 in dividends during the year and expects to pay common stockholders $1.50 in dividends during the year, and expects to earn 8 percent on reinvested funds, then its expected growth rate is: _...
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You want to buy a new sports car from Muscle Motors for $64,000. The contract is in the form of a 60-month annuity due at a 5.90% APR. What will your monthly payment be?
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Which one of the following is not an example of a sunk cost? a) monthly rent, lease b) initial cost of a new machine c) purchasing a company d) upgrading network to a higher speed e) None of the above
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Suppose the U.S. produces only 2 goods: coconuts and oil. The table below contains information on the labor inputs required to produce a unit of each of the 2 goods. Assume the U.S. has 15,000 labor hours available to produce and consume the two goods. What are the opportunity costs of producing the 15th unit of coconu...
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Last year, an increase in the size of the U.S. population caused an increase in the demand for new homes. If the supply of existing homes did not change, we would expect to see _____. a. an increase in both the equilibrium price and quantity b. an increase in the equilibrium price and a decrease in the equilibrium qu...
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Direct materials cost variance for Job 456: Estimated direct materials cost for Job 456: $1,375 Estimated direct materials cost per pound for Job 456: $25 Actual direct materials cost for Job 456: $1,425 Actual direct materials cost per pound for Job 456: $27 A) $50 favorable B) $50 unfavorable C) $75 favorable ...
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Evaluate the integral $$\int_0^2 \int_{2y}^{2x} e^{x-y} dxdy + \int_2^4 \int_0^{x-y} e^{x-y} dydx.$$
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What is the probability of having a {HH} interaction in a directed line graph with a length of 3, where each node can be of type H or L with equal probability? Assume that the probability of a {HH} interaction means that both nodes are of type H, and the graph is fully connected with each node pointing to the next.
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Suppose $\{ f_n \}$ is a sequence of functions defined by $$f_n(x) = \frac{nx}{1 + nx^2}, \quad x \in \mathbb{R}, n=1,2,3, \cdots$$ Find the pointwise limit of $f_n$.
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The New York Division of General Enterprises has a positive residual income of $860,000. New York's management is contemplating an investment opportunity that will reduce this positive amount to $700,000. The investment: a. should be pursued because it is attractive from both the divisional and corporate perspectives....
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A monopoly has a demand function given by {eq}P = 120 - 0.5Q {/eq}. It has total costs given by {eq}TC = 10 + 5Q + 0.5Q^2 {/eq}. Its marginal cost is A. {eq}MC = 5 + Q {/eq}. B. {eq}MC = 5 + Q^2 {/eq}. C. {eq}MC = 10 + 5Q {/eq}. D. none of the above
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If ending inventory is recorded erroneously at $30,000 less than it should have been, net income will be: a) overstated by $30,000 b) understated by $30,000 c) overstated by half of $30,000 d) understated by half of $30,000
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A hollow metal sphere has inner radius a and outer radius b. The hollow sphere has charge +Q distributed uniformly throughout its volume between a and b. Derive an expression for the magnitude of the electric field at any point x (between a and b) in the hollow sphere.
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Find the p-value that would be used to determine if the percentage of customers who prefer mint chocolate chip ice cream has increased at a 1% level of significance, given that a survey determines that mint chocolate chip is the favorite ice cream flavor of 6% of consumers and an ice cream shop determines that of 190 c...
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Dilwater Corporation has two divisions that operate independently. Each division has its own cost center and investment center. The company is considering the purchase of a machine that costs $39,000. The machine will last for 5 years, with no salvage value. The company uses the return on sales ratio as a performance ...
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Show your work. A corporation has a capital structure of $24 million shares of common stock (par value $1), $6 million in preferred stock (8 percent, $100 par value), and $20 million in debt. The company's shares of common stock are currently selling for $50 per share, its preferred stock is selling for $25 per share, ...
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Roberts Corporation, which has excess production capacity, received a special order of 1,000 units at a price of $45 per unit. Currently, production and sales are anticipated to be 20,000 units without considering the special order. Budget information for the current year follows. Consideration of the special order sho...
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Suppose the market demand and supply for pizza are given by {eq}Q_d = 300 - 20P, \; Q_s = 20P - 100 {/eq}, respectively. Calculate the consumer surplus at equilibrium.
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What is the area of the surface obtained when the parabola $x^2 = -8y$ is rotated around the y-axis for $-4 \le y \le 0$?
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Suppose you have $100 in your savings account at the beginning of the month. You take out $25 for gas and groceries, and put $15 back into your savings account. Your friend Chris, who also has $100 in his savings account at the beginning of the month, takes out $100 for a vacation (and does not deposit any money back i...
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Hot and neutral wires providing the dc power to a light rail commuter train carry 800 A and are separated by 75 cm. What is the magnitude of the force between 45 m of these wires?
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What is the annual nominal rate if the real rate of return is 6.15 percent and the expected inflation rate is 1.36 percent?
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The stock of a company that pays no dividends over the next three years, after which time it will pay a $3.00 per share dividend. If the investor requires a 15% return on the investment, how much would you be willing to pay to buy a share of this stock?
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Find the volume of the solid that is inside the sphere {eq}x^2+y^2+z^2=25{/eq} and outside the cone {eq}z^2=4x^2+4y^2{/eq}.
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Bill has the following from 2020 gross income: salary, $60,000; interest, $8,000; dividend, $3,000; and capital gain, $2,000. Bill's exemptions total $14,000, and he has itemized deductions of $13,000. If Bill's taxable income (from all of the above sources) is $63,000, what will be his tax liability for 2020? A) $12,...
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Buy-Rite Pharmacy has purchased a small auto for delivering prescriptions. The auto was purchased for $40,000 and will have a 6-year useful life and a $6,600 salvage value. Delivering prescriptions (which the pharmacy has never done before) should increase gross revenues by at least $56,800 per year. The cost of these ...
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The United States and the country of Rueland have the same real interest rate of 3 percent. The expected inflation over the next year is 6 percent in the United States versus 21 percent in Rueland. Interest rate parity exists. The one-year currency futures contract on Rueland's currency (called the ru) is priced at $.4...
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Find the price of a two-year zero-coupon bond with a face value of $100 and a yield to maturity of 10%.
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The following information applies to a company that produces a single product: Fixed manufacturing overhead $4,500 Fixed selling and administrative expenses $7,000 Variable manufacturing overhead $6 per unit Variable selling and administrative expenses $1.5 per unit Assume that the company produces and sells 6,0...
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What is the probability of the following normal distribution? {eq}\mu {/eq} = 474, {eq}\sigma{/eq} = 14, X = 453
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In a simple random sample of 1200 people age 16 or older, 1128 were identified as being in the labor force (according to the March 2013 Current Population Survey). Find the margin of error associated with this estimate for an 80% confidence interval.
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When 500g of {eq}0.860 \ M \ NH_3(aq) {/eq} is added to 500g of 1.10 M HCl(aq) what will the final pH be? {eq}K_b {/eq} = {eq}1.8 * 10^-5 {/eq}
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The tax rate of a tax-exempt organization is the: a. Federal tax rate. b. State tax rate. c. Combination of the federal and state tax rate. d. The organization's articles of incorporation.
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Evaluate $\iint_{R}\iint$ $x^2+y^2+z^2$ for $R$ region defined by $x^2+y^2+z^2\le 1$.
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Assume you own stock of the following company: Project Beta Standard Deviation of Returns A 0.40 12% B 1.30 15% C 1.80 22% D -0.20 8% Which asset would you prefer to hold as part of your portfolio, and why? A. Asset C because it has the...
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The net income of Vanikoro Company for 2014 is $260,000. The only changes to stockholders equity during 2014 were a $100,000 common stock dividend and the issuance of $100,000 of par value common stock. Net income for 2014, expressed as a percentage of the ending stockholders equity, is: a) 150% b) 76% c) 80% d) 12...
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Find the average value of the function on the given interval. Round your answer to three decimal places. {eq}f(x) = (4x - x^2)^{\frac{1}{2}},\ \ [0,4] {/eq}
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This question requires you to make a choice from four alternatives. For each question there is only one correct answer. For each question, select the answer and click on the button 'Verify' to check whether your choice is correct or not. You can also choose to reveal the correct answer. Consider the reaction 6 C (s) ...
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Which of the following statements is true? A. At a kinked demand curve, the marginal revenue curves are continuous at the kink. B. At a kinked demand curve, the monopolistic competitor will never produce output where {eq}MC = MR {/eq} since they cannot find an optimal quantity. C. At a kinked demand curve, price chang...
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A firm's current assets are {eq}\$500 {/eq}, its fixed assets are {eq}\$1,000 {/eq}, its current liabilities are {eq}\$400 {/eq}, its long-term debt is {eq}\$500 {/eq}, and its equity is {eq}\$300 {/eq}. The firm's assets are also used as collateral to support a bank loan of {eq}\$600 {/eq}, and the firm has a co...
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Assume the table below shows the quantities of bananas and pineapples that a plot of land can produce in a growing season in Columbia and the Philippines. Bananas Pineapples Columbia404 The Philippines2032 Suppose each country has 2,000 plots of land and consumes the following (per season) without trade from alloca...
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As long as marginal revenue is __________ marginal cost, adding an additional unit of output will increase profit. A. greater than B. less than C. equal to D. None of the above
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Calculate the index of refraction (n) of a prism that is traversed by rays of light so that the angle of minimum deviation is 28.5 degrees and the angle of the prism is 57.0 degrees.
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Morales Corporation produces microwave units. The following per unit cost information is available: Direct materials$38 Direct labor$23 Variable manufacturing overhead$12 Fixed manufacturing overhead$39 Variable selling and administrative expenses$10 Fixed selling and administrative expenses$23 Its desired ROI ...
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If $300 is borrowed at a rate of 1.25% annual interest and is paid back in one year, what is the total amount of interest paid?
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A solid is formed when the region bounded by the curve y = 2 - x^2 and the x-axis is revolved about the x-axis. What is the volume of the solid? a. 4pi/3 b. 8pi/3 c. 16pi/3 d. 32pi/3 e. 32pi
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As average selling price increases, sales volume: A. will increase. B. will remain constant. C. will decrease. D. may increase or decrease. E. will increase proportionately.
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Eileen earns $200 in total for each patient she sees. She has a trial period where she has to pay a $100 service fee per week to the hospital. If she sees 20 patients a week, what is her total profit per week? a. $4,000 b. $3,000 c. $3,100 d. None of the above Let M be her marginal revenue and A her average (total...
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The accountants for Jiminy's Cricket Farm, Inc., must determine the monthly break-even volume for the company's Cricket Crunch and Bud Buzz projects. Break-even analysis can be used to determine the number of packages the firm must sell to cover its fixed costs (i.e., break even). To use this accounting tool successful...
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Calculate the pH in the titration of 50.0 mL of 0.150 M ammonia with 0.300 M nitric acid when 25.0 mL of the acid has been added.
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The short-run supply curve of a perfectly competitive industry is the horizontal sum of the profit-maximizing output levels of all firms in the industry. What does this mean? a) Each firm produces according to its short-run supply curve. b) The industry supply curve is different from one day to the next. c) The indu...
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Fiam Industries projects the following revenues from their competitor's possible strategies choices: Competitor's strategy Probability of competitor's strategy Revenue ($ millions) Expand Production 0.27 1,664.7 Reduced production 0.37 2,620.7 Fiam...
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The Financial Accounting Standards Board would like to test whether there is any significant difference in the mean annual return on investment for three randomly selected groups of common stocks. The following data are obtained for three industries: Airline: 12.1, 15.0, 14.8, 18.2, 10.1, 10.0, 11.6 Home Construction:...
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Your firm is considering a project that will increase sales by $500,000 per year and operating costs by $275,000 per year. The project's initial outlay is $500,000. If the project's cash inflows and outflows occur evenly throughout the year, what is the accounting payback period?
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A weakness of the learning theory of language development is that a. parents reinforce their children for the grammatical correctness of utterances. b. children imitate the speech of their peers as well as of their parents. c. cooing and crying are inborn. d. two-word utterances develop in an invariant sequence aro...
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Good Morning Corp.'s stock is trading at $25 a share. Call options that expire in three months with a strike price of $25 sell for $1.50. Which of the following will occur if the stock price increases 10%, to $27.50 a share? a. The price of the call option will increase by less than $2.50. b. The price of the call o...
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Find the horizontal and vertical asymptotes of the curve. (If an answer does not exist, enter DNE. Use symbolic notation and fractions where needed.) $$y = \frac{5}{x + 9} + \frac{4}{x - 6}$$
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Suppose the number of trucks arriving at a weigh station per minute follows a Poisson distribution with a mean of 2.65. What is the probability that in the next one minute, more than two trucks will arrive?
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The Baltimore Corporation has the following data: Cash $30 Accounts receivable $75 Inventory $150 Current liabilities $100 Receivables collection period 25 days Payables deferral period 30 days What is the firm's cash conversion cycle? a. 50 da...
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Managers at Acme Inc. are considering investing in one of two mutually exclusive projects. Project X has a hurdle rate of 8% and the following cash flows: -$400,000, $100,000, $180,000, $100,000, and $180,000. Project Y has a hurdle rate of 9% and the following cash flows: -$500,000, $200,000, $200,000, $200,000, and $...
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The Adams Company has determined the following unit costs for the product: Direct material $20.00 Direct labor 28.00 Variable overhead 10.00 Fixed overhead 12.00 If 10,000 units are produced, the total amount of product cost for the fixed-overhead item is: a. $100...
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The 2007 annual report of Contour Construction stated, in part, "The General Contracting division completed $693 million of construction contracts during 2007, an increase of $210 million from 2006. Total gross profits on General Contracting division contracts billed to customers were $171 million in 2007, an increase ...
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A normal distribution has a mean of 500 and a standard deviation of 100. Compute the probability of a value between 560 and 670.
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Which statement is correct? a. If the required rate of return is greater than the internal rate of return, a project's net present value will be positive. b. If a project has more than one sign change in its cash flow stream, the internal rate of return may produce multiple results. c. The internal rate of return is...
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Parnell Company reported a net loss of $19,700 for the year ended December 31, 2010. During the year, accounts receivable decreased by $6,400, merchandise inventory increased by $7,050, accounts payable increased by $16,650, and depreciation expense of $5,700 was recorded. What was the net cash used for or provided by...
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Suppose your bank account pays 5% interest per annum. Use the approximation formula to find the equivalent interest rate over: a) a quarter (1/4 year) b) a month (1/12 year) Show work please.
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Suppose that a market is initially in equilibrium and that the government imposes a price ceiling on the market. If the market continues to be in equilibrium after the price ceiling is imposed, then the price ceiling A. must be set equal to the equilibrium price. B. must be set equal to the equilibrium quantity. C....
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The Green Corporation's current dividend is $0.20 per share. The dividend is expected to grow by 16 percent for the next four years, then grow indefinitely at 4 percent per year. The required rate of return is 12 percent. The value of Green stock is _____ per share.
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Taggart Transcontinental currently has a bank loan outstanding that requires it to make three annual payments at the end of the next three years of $1,000,000 each. The bank has offered to allow Taggart Transcontinental to skip making the next two payments in lieu of making one large payment at the end of the loan's te...
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Erickson Manufacturing is considering replacing an existing piece of equipment. The new equipment costs $380,000 and takes place over five years. The old equipment can be sold for $150,000. The old equipment currently being used could be sold now, but it would incur an after-tax net loss of $100,000 if sold today. The ...
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You are a total of 16 hands from the hand in your left. The fleshes on your right hand are engaged on the last 5 hands on the right of your center. What is your center? A. 16 B. 15 C. 10 D. 8
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Abercrombie & Fitch's common stock pays a dividend of $0.50. It is currently selling for $33.32. If the firm's investors require an 11 percent return on their investment from buying Abercrombie & Fitch stock, what growth rate would Abercrombie & Fitch have to provide the investors? A. 12.78% B. 2.36% C. 5.90% D. 7....
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Hercules Exercise Equipment Co. purchased a computerized measuring device two years ago for {eq}\$65,000 {/eq}. The equipment falls into the five-year category for MACRS depreciation and can currently be sold for {eq}\$24,800 {/eq}. A new piece of equipment will cost {eq}\$210,000 {/eq}. It also falls into the five-...
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Seether Enterprises is considering a long-term investment project called ZIP. ZIP will require an investment of $135,000. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $82,780, and annual expenses (excluding depreciation) would increase by $43,780. Seether uses the straig...
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The potential difference between two parallel conducting plates in a vacuum is 400.0 V. An electron originally at rest is accelerated across this potential difference. What is the approximate speed of the electron as it leaves the negative plate? a. 1.67 x 10^7 m/s b. 2.69 x 10^8 m/s c. 1.34 x 10^7 m/s d. 4.29 x 10...
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A company's 6% coupon rate, semiannual payment, $1,000 par value bond that matures in 30 years sells at a price of $515.16. The company's federal-plus-state tax rate is 40%. What is the firm's after-tax component cost of debt for purposes of evaluating the WACC? Round your answer to two decimal places.
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I need to find the period of: $f(x) = 2+3\sin(2\pi x -\pi/3)$ I know that $3\sin(2\pi x -\pi/3)$ has a period of $1$ and $2$ is the amplitude but what about $-\pi/3$?
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Cusic Industries had the following operating results for 2012: Sales $27,900 Cost of goods sold $17,700 Depreciation expense $4,750 Interest expense $2,550 Dividends paid $1,280 At the beginning of the year: Net fixed assets $17,470 Current assets $6,210 Current liabilities $3,730. At the end of the year: Net fixe...
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Ives LeFancy and Donna Gabbana are two top fashion designers who own stores on Trendy St. Each have to decide whether to present their ready-to-wear collection at the Los Angeles Fashion Week (L.A.) or at the New York Fashion Week (N. Y.) (they can only present at one of them). If Ives chooses L.A. and Donna chooses N...
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Evaluate the triple integral in cylindrical coordinates: {eq}\int \int \int_{E}yzdV, \quad E = \{(x,y,z)|0\leq z\leq 6, \quad 0 \leq x^{2}+y^{2} \leq 9\}.
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NH Corporation will pay a constant dividend of $5.00 per share, per year, in perpetuity. Assume all investors pay a 15% tax on dividends and that there is no capital gains tax. Suppose the other investments with equivalent risk to HNH stock offer an after-tax return of 10%. What is the price of a share of HNH stock?
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